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Banking Quiz Soltions for SBI Clerk Exam 2018 | 11th March 2018

Dear Aspirants,

Banking Awareness for SBI Clerk 2018

With the increased competition in the field of banking examinations, it has now become very important to cover up all the sections efficiently. One subject that can help you bagging graceful marks in the minimum time in these examinations is Banking Awareness. Banking Awareness Quiz not only helps you deal with the General Awareness Section of Banking Exams but also, the Personal Interview round of Banking Recruitment.

Q1. The Government has announced which Project on the lines of Operation Flood to realise agriculture potential of the country?
(a) Operation Agriculture
(b) Operation Earth
(c) Operation Water
(d) Operation Green
(e) Operation Farmer

S1. Ans.(d)
Sol. On the lines of ‘‘Operation Flood’’ a new Scheme ‘‘Operation Greens’’ was announced with an outlay of Rs 500 Crore to address the challenge of price volatility of perishable commodities like tomato, onion and potato with the satisfaction of both the farmers and consumers.

S2. Ans.(a)
Sol. FM Minister Arun Jaitley also announced an Agri-Market Infrastructure Fund that would have a corpus of Rs 2,000 crore to develop and upgrade infrastructure in 22,000 Grameen Agricultural Markets and 585 state-run Agricultural Produce Marketing Committee markets, where farmers are obliged to sell their produce.

Q3. FM has announced setting up a FAIDF for fisheries sector and an AHIDF for financing infrastructure requirement of animal husbandry sector with a total corpus of ______________ for the two new funds.
(a) Rs 30,000 crore
(b) Rs 20,000 crore
(c) Rs 10,000 crore
(d) Rs 40,000 crore
(e) Rs 60,000 crore

S3. Ans.(c)
Sol. After the establishment of Dairy Infrastructure Fund, FM Arun Jaitley has announced setting up a Fisheries and Aqua culture Infrastructure Development Fund (FAIDF) for fisheries sector and an Animal Husbandry Infrastructure Development Fund (AHIDF) for financing infrastructure requirement of animal husbandry sector with a total corpus of Rs.10,000 crore for the two new funds.

Q4. As announced in the budget session, what is the worth of the Indian Economy?
(a) 3.5 trillion
(b) 4.5 trillion
(c) 5.5 trillion
(d) 1.5 trillion
(e) 2.5 trillion

S4. Ans.(e)
Sol. Indian economy is a $2.5 trillion economy. India is expected to become the fifth largest economy very soon. Indian society, polity and economy have shown remarkable resilience in adjusting to structural reforms.

Q5. NAM is envisaged as a pan-India electronic trading portal which seeks to network the existing APMC and other market yards to create a unified national market for agricultural commodities. NAM stands for-
(a) National Agriculture Management
(b) National Agriculture Market
(c) National Agriculture Money
(d) National Agency Market
(e) Non Agriculture Market

S5. Ans.(b)
Sol. National Agriculture Market (NAM) is envisaged as a pan-India electronic trading portal which seeks to network the existing APMC and other market yards to create a unified national market for agricultural commodities. NAM is a “virtual” market but it has a physical market (mandi) at the back end.

S8. Ans.(c)
Sol. A preliminary analysis of the Goods and Services Tax (GST) data reveals that there has been a 50% increase in the number of indirect taxpayers, besides a large increase in voluntary registrations, especially by small enterprises that buy from large enterprises and want to avail themselves of Input Tax Credits (ITC).

S12. Ans.(a)
Sol. FM Arun Jaitley stated the volume of institutional credit for agriculture sector from year-to-year increased from
Rs.8.5 lakh crore in 2014-15 to Rs.10 lakh crore in 2017-18 and he proposed to raise this to Rs.11 lakh crore for the year 2018-19.